8.2% 3rd Quarter Economic Growth

[Austin]

US economic growth hits 8.2 percent in third quarter

http://story.news.yahoo.com/news?tmpl=stor..._economy_growth

WASHINGTON (AFP) - US economic growth exploded in the third quarter to hit a 19-year record annual pace of 8.2 percent, much faster than first thought, the government said. An initial estimate last month had already indicated roaring growth in the July-September quarter of 7.2 percent, more than double the 3.3-percent expansion of the second quarter.
Consumers, enriched by massive tax cuts and super-low interest rates, splashed out in the quarter and drove the growth rate to its steepest since 1984, stunning analysts.

Ok you guys, rest up while things are slow because the Republicans are running things and tax cuts are kicking in! What would things have been like without 9/11?

 

[Tawfik Ahdab]

More consumer demand equals more debt equals more refis. Coming soon to your town. Probably in March 2004, when credit card debt would have piled up again, requiring a new round of rolling over car/boat loans and accumulated balances.

That's my 2 cents' worth of crystal ballin'